The program is designed to provide not just financial aid but also emotional and social support, ensuring that deserving candidates can concentrate on their studies without the burden of financial stress. Hyundai Motor India Foundation (HMIF), the philanthropic wing of Hyundai Motor India Limited, has initiated the ‘Hyundai Hope Scholarship Program.’ Launched recently by H.… Continue reading Hyundai India foundation introduces scholarship program worth INR 3.38 cr
Author: Economic Times of India Online News
Centre plans to make NH authorities’ nod mandatory for speed limit changes by states
Sources said the new provision would mean that violators would have to pay double the fine for all offences committed from jumping red light, speeding and lane violation to not having an active fitness certificate and permit. New Delhi: In its bid to end confusion about speed limit on national highways and expressways across states,… Continue reading Centre plans to make NH authorities’ nod mandatory for speed limit changes by states
Rapido Partners with TotalEnergies India for auto captains’ well-being and savings
This collaboration will benefit over 4 lakh auto captains across Bangalore, Hyderabad, Chennai, Coimbatore, Mysore, and Salem. Rapido has teamed up with TotalEnergies India Private Limited (TEMIPL) to enhance the earnings and well-being of its auto captains. Starting with immediate fuel savings of up to 12%, the partnership will also promote the use of Auto… Continue reading Rapido Partners with TotalEnergies India for auto captains’ well-being and savings
Autos, Hurricane Beryl weigh on US manufacturing output in July
Utilities production fell 3.7%. That followed a 2.6% increase in the prior month. Overall industrial production fell 0.6% in July after rising 0.3% in June. Production at U.S. factories fell in July amid a decline in motor vehicle output and disruptions from Hurricane Beryl. Factory output dropped 0.3% last month, the Federal Reserve said on… Continue reading Autos, Hurricane Beryl weigh on US manufacturing output in July
US retail sales beat expectations on autos boost
Excluding motor vehicle and parts, retail sales were up 0.4% from June, said the Commerce Department. Retail sales in the United States soared past analyst expectations in July, according to government data released Thursday, helped by the autos segment and bringing some relief to policymakers. US consumption has remained resilient despite high interest rates, and… Continue reading US retail sales beat expectations on autos boost
Stellantis shareholders sue automaker in US after disappointing earnings
Last week, Stellantis announced a potential 2,450 layoffs at a suburban Detroit truck assembly plant, where production of the Ram 1500 Classic truck is ending. Stellantis has been sued by shareholders in the United States who said the European-American automaker defrauded them by concealing rising inventories and other weakness, before posting disappointing earnings that caused… Continue reading Stellantis shareholders sue automaker in US after disappointing earnings
Shriram Finance in talks with climate-based funds to raise capital for EV financing
He expects the EV lending portfolio to be INR 5000 crore over the next two to three years. Shriram Finance, the country’s largest auto-focused, non-bank lender, has begun an initial round of discussions with climate focused private equity funds to raise capital for financing electric vehicles. Currently, the share of EVs in the INR 2.33… Continue reading Shriram Finance in talks with climate-based funds to raise capital for EV financing
UAW union launches pro-Harris campaign to mobilize workers across US
On Tuesday, the UAW filed complaints with the National Labor Relations Board against Trump and Tesla CEO Elon Musk citing attempts to threaten and intimidate workers. The United Auto Workers is launching a U.S-wide effort to mobilize its one million active and retired workers to vote for Kamala Harris in the Nov. 5 election, it… Continue reading UAW union launches pro-Harris campaign to mobilize workers across US
EVs gain momentum in India, market to reach USD 250 bn by 2030
This growth is anchored in both passenger and commercial vehicles, including two-wheelers and four-wheelers. India’s electric mobility sector is set to transform into a USD 250 billion market by 2030, driven by substantial investments in sustainable transportation. The ELECTRIFY30 report by Praxis Global Alliance forecasts a significant rise in electric vehicle (EV) adoption across various… Continue reading EVs gain momentum in India, market to reach USD 250 bn by 2030
As India celebrates 77 years of freedom, her automakers have cause for cheer too
However, what is really gratifying that it is an Indian company — Tata Motors — which is truly leading the way in electrification of cars. New Delhi: Way back in 1947, a battered and bruised India was still recovering from the traumatic aftermath of Partition. Today, two-thirds of her population is under the age of… Continue reading As India celebrates 77 years of freedom, her automakers have cause for cheer too